Bloomberg Tax & Accounting has issued its projections for 2022 federal income tax rates and tables, which provides a detailed and comprehensive projection of inflation-adjusted amounts in the tax code.
The estimated changes are based on inflation rates listed in the September 2021 Chained Consumer Price Index (CPI) from the U.S. Bureau of Labor Statistics, Bloomberg Tax & Accounting’s annual report is detailed and comprehensive projection of inflation-adjusted amounts in the tax code.
The 2022 Projected U.S. Tax Rates report offers an early projection of deductions, limitations, upward changes to tax brackets thresholds and other inflation-adjusted factors.
“We predict that inflation-adjusted amounts in the tax code will increase by a greater percentage in 2022 than in prior years due to high U.S. inflation,” said Jean McCormick, vice president, analysis & content, Bloomberg Tax & Accounting. “Taxpayers and advisors can use our projections to begin their 2022 tax planning before the IRS publishes the official 2022 inflation-adjusted amounts later this year.”
Married Filing Jointly (MFJ) and Surviving Spouses
|
10% – $0 to $20,550 |
|
12% – $20,550 to $83,550 |
|
22% – $83,550 to $178,150 |
|
24% – $178,150 to $340,100 |
|
32% – $340,100 to $431,900 |
|
35% – $431,900 to $647,850 |
|
37% – $647,850 or more |
Married Filing Separate (MFS)
|
10% – $0 to $14,650 |
|
12% – $14,650 to $55,900 |
|
22% – $55,900 to $89,050 |
|
24% – $89,050 to $170,050 |
|
32% – $170,050 to $215,950 |
|
35% – $215,950 to $323,925 |
|
37% – $323,925 or more |
Head of Household
|
10% – $0 to $14,650 |
|
12% – $14,650 to $55,900 |
|
22% – $55,900 to $89,050 |
|
24% – $89,050 to $170,050 |
|
32% – $170,050 to $215,950 |
|
35% – $215,950 to $539,900 |
|
37% – $539,900 or more |
Unmarried Individuals (other than Surviving Spouses and Heads of Households)
|
10% – $0 to $10,275 |
|
12% – $10,275 to $41,775 |
|
22% – $41,775 to $89,075 |
|
24% – $89,075 to $170,050 |
|
32% – $170,050 to $215,950 |
|
35% – $215,950 to $539,900 |
|
37% – $539,900 or more |
Estates and Trusts
|
10% – $0 to $2,750 |
|
12% – $2,750 to $9,850 |
|
22% – $9,850 to $13,450 |
|
24% – $13,450 or more |
Standard Deduction
Bloomberg Tax & Accounting has projected the following standard deduction amounts for 2022:
|
Filing Status |
Projected 2022 Standard Deduction |
|
Married Filing Jointly/Surviving Spouses |
$25,900 |
|
Heads of Household |
$19,400 |
|
All Other Taxpayers |
$12,950 |
Alternative Minimum Tax (AMT)
Projected 2022 AMT exemption amounts are shown below.
|
Filing Status |
Projected 2022 AMT Exemption Amount |
|
Married Filing Jointly/Surviving Spouses |
$118,100 |
|
Unmarried Individuals (other than Surviving Spouses) |
$75,900 |
|
Married Individuals Filing Separate Returns |
$59,050 |
|
Estates and Trusts |
$26,500 |
Additional tax rate, deduction and threshold projections are in the free Bloomberg 2022 Tax Rates report: https://pro.bloombergtax.com/reports/2022-projected-u-s-tax-rates/ .
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Tags: Accounting
